Raymond James Financial Services Advisors Inc. Has $584,000 Stake in Kite Realty Group Trust (NYSE:KRG)

Raymond James Financial Services Advisors Inc. decreased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,555 shares of the real estate investment trust’s stock after selling 6,181 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kite Realty Group Trust were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of KRG. Raymond James & Associates increased its holdings in shares of Kite Realty Group Trust by 32.3% in the first quarter. Raymond James & Associates now owns 116,703 shares of the real estate investment trust’s stock valued at $2,657,000 after purchasing an additional 28,495 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Kite Realty Group Trust by 18.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 1,067 shares during the last quarter. Natixis Advisors L.P. bought a new position in Kite Realty Group Trust in the 1st quarter worth approximately $448,000. Bank of Montreal Can raised its position in Kite Realty Group Trust by 16.8% in the 1st quarter. Bank of Montreal Can now owns 26,095 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 3,760 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Kite Realty Group Trust by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,266 shares of the real estate investment trust’s stock worth $1,828,000 after purchasing an additional 7,651 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KRG shares. StockNews.com upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.50.

Kite Realty Group Trust Stock Performance

Shares of Kite Realty Group Trust stock opened at $20.56 on Friday. The firm has a fifty day moving average of $21.03 and a two-hundred day moving average of $21.36. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 93.46, a PEG ratio of 2.86 and a beta of 1.29. Kite Realty Group Trust has a 52 week low of $19.16 and a 52 week high of $24.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Thursday, April 4th. Kite Realty Group Trust’s payout ratio is 454.57%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.